Question
You are considering buying a zero growth stock. If the firm pays a $2.00 annual dividend, and your required rate of return is 15%, what
You are considering buying a zero growth stock. If the firm pays a $2.00 annual dividend, and your required rate of return is 15%, what is the maximum price you would pay for this stock?
a.$133.33
b.$23.33
c.$12.15
d.$13.33
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Business Mathematics
Authors: Gary Clendenen, Stanley A Salzman, Charles D Miller
12th Edition
0135109787, 9780135109786
